Somewhat Positive News Coverage Somewhat Unlikely to Impact Tenaris (TS) Share Price
Media stories about Tenaris (NYSE:TS) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tenaris earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 47.3035413256009 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Halliburton Company (HAL) has a value of $40.29 per share While Tenaris SA (TS) is stand at $27.70 – Stocks Gallery (stocksgallery.com)
- Trading summary of Watch List stock – Tenaris SA (TS) – Wall Street Morning (wallstreetmorning.com)
- Tenaris SA (TS)- Stocks having Bumpy Ride for the Day – NASDAQ Times (nasdaqtimes.com)
- Making Money Stock:: Tenaris SA (TS) – Voice Of Analysts (analystsbuzz.com)
TS has been the topic of several research reports. BidaskClub raised shares of Tenaris from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Loop Capital raised shares of Tenaris from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, May 17th. Cowen and Company set a $28.00 price target on shares of Tenaris and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $30.00 price target on shares of Tenaris in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.35.
Tenaris (NYSE TS) traded down 0.04% during midday trading on Monday, reaching $27.69. 3,018,556 shares of the company’s stock were exchanged. Tenaris has a 12 month low of $25.19 and a 12 month high of $37.21. The stock has a market cap of $16.34 billion, a PE ratio of 49.45 and a beta of 0.64. The firm has a 50 day moving average of $28.41 and a 200-day moving average of $30.96.
Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.
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